Food inflation rise to 12.13 pct on December 23, 2010
New Delhi, December 23, 2010: India's food inflation rose sharply to 12.13 per cent for the week ended
December 11 from 9.46 per cent in the previous week, marking a return to
double digit levels after a gap of a few weeks on the back of rising vegetable prices.
An official statement here today, quoting provisional data, also showed
that the inflation rate for fuel had increased slightly to 10.74 per cent from 10.67 per cent in the week ended December 4.
According to the data released today, the prices of onions were up 33.48
per cent from a year ago, vegetables by 15.54 per cent, fruits by 20.15
per cent, milk by 17.83 per cent, eggs, meat and fish by 19.35 per cent
and rice by 1.40 per cent. However, the prices of cereals were down by 0.35 per cent, wheat by 5.14
per cent, potatoes by 27.99 per cent and pulses by 10.77 per cent.
Overall, the annual rate of inflation for primary articles, which have a
weight of 20.12 per cent in the WPI, with base year 2004-05, stood at 15.35 per cent for the week ended December 11 as compared to 13.25 per
cent for the previous week.
Food inflation eases to 10.15 pct on November 25, 2010
New Delhi, November 25, 2010 (IANS): India's annual food inflation eased further to 10.15 per cent for the
week ended Nov 13, having fallen sharply by two percentage points to 10.30 per cent the week earlier, showing a downward trend for the sixth
consecutive week. The annual inflation rate for the primary articles group rose
marginally to 13.38 per cent during the week under review compared to 13.30 per cent in the week ended Nov 6, according to data released by
the commerce and industry ministry Thursday.
Food inflation as well as the inflation based on wholesale prices have
moderated in the past few weeks due to aggressive monetary tightening policy adopted by the country's central bank and robust supply of food grain.
The overall inflation based on wholesale prices fell to 8.58 per cent in
October from 8.62 in the month before. Fuels and power inflation was unchanged at 10.57 per cent.
The Reserve Bank of India (RBI) earlier this month hiked both its
short-term borrowing and lending rates by 25 basis points, tweaking its
policy rates for the sixth time since the start of this calendar year to
curb inflationary expectations. The continued fall in food inflation will now shift the focus of the
central bank and the government on declining industrial output, which fell to 4.4 per cent in September.
Food inflation eases to 12.85 pct on November 04, 2010
NEW DELHI, November 04, 2010: India's food inflation rate eased further to 12.85 per cent for the week
ended October 23 from 13.75 per cent in the previous week, an official statement said here today, quoting provisional data, bringing some cheer
to people in the festive season. The statement showed that the inflation rate for fuel had also declined
to 10.67 per cent from 11.25 per cent in the previous week. High prices of food items have been a cause of worry for the Government
since the worst monsoon in more than three decades last year and floods
in some states adversely affected the Kharif crop. According to the data released today, the prices of wheat were up 4.36
per cent from a year ago, cereals by 4.07 per cent, rice by 3.17 per cent, pulses by 0.67 per cent, milk by 21.72 per cent, eggs, meat and
fish by 28.85 per cent and fruits by 16.03 per cent. However, the prices of potatoes were down by 51.22 per cent, vegetables
by 4.20 per cent and onions by 0.13 per cent.
Overall, the annual rate of inflation for primary articles, which have a
weight of 20.12 per cent in the WPI, with base year 2004-05, stood at 15.43 per cent for the week ended October 23 as compared to 16.62 per
cent for the previous week. The index for this major group declined by 0.4 per cent to 180.3 from
181 for the previous week, the provisional data showed. Within this group, the index for Food Articles declined by 0.2 per cent
to 179.1 from 179.5 for the previous week due to lower prices of arhar
(6%), urad (3%), moong and poultry chicken (2% each) and gram, maize, fruits & vegetables and condiments & spices (1% each).
However, the prices of tea (7%), fish-inland (3%) and barley (2%) moved up.
The index for Non-Food Articles rose by 0.2 per cent to 161.9 from161.6
for the previous week due to higher prices of raw jute (22%), raw rubber
(3%), coir fibre (2%) and linseed (1%). However, the prices of groundnut
seed (3%), castor seed, logs & timber and fodder (2% each) declined.
The index for Minerals declined by 2.4 per cent to 243.4 from 249.4 for
the previous week due to lower prices of zinc concentrate (16%), iron ore (4 %) and copper ore (2%). However, the prices of barytes (5%),
steatite (4%) and chromite (2%) moved up.
Food inflation eases to 13.75 pct on October 28, 2010
NEW DELHI, October 28, 2010: Food inflation declined sharply to 13.75 per cent for the
week ended October 16, on improved kharif supplies and fall in prices of
certain vegetables, especially potatoes and onions. Food inflation fell by 1.78 percentage points to 13.75 per cent during
the week, from 15.53 per cent for the week ended October 9, government data showed.
This is the second consecutive week when food inflation has declined.On annual basis, potato prices eased by 49.69 per cent and onions became
cheaper by 6.93 per cent. Overall, prices of vegetables went down marginally by 0.77 per cent
during the week on a year-on-year basis. However, other essential items like cereals, milk and fruits continued
to remain costly. Experts said the impact of a good monsoon was slowly becoming visible on
prices of essential items, as supply side pressure was easing after a good kharif harvest.
On annual basis, cereals prices have risen by 4.97 per cent. While
pulses became costlier by 4.16 per cent on a yearly basis, wheat and rice prices increased by 6.56 per cent and 3.49 per cent, respectively.
Among other food items, milk prices soared by 21.65 per cent during the
week compared to the same period last year, while fruit rates rose by 16.06 per cent.
Egg, meat and fish became dearer by 28.12 per cent on an annual basis.
Food inflation eases to 15.53 pct on early October 21, 2010
NEW DELHI, October 21, 2010 (Reuters): The annual food price inflation eased in early
October but remained stubbornly high, keeping pressure on the Reserve Bank of India (RBI) to raise policy rates by 25 basis points at its review on Nov. 2.
While high food prices are largely beyond the scope of monetary policy, they feed into rising inflation expectations and make government targets
to bring headline inflation down to 6 percent by the end of December increasingly challenging.
Investors have been pricing in a 25 basis point rate hike when the Reserve Bank of India reviews policy on Nov. 2, after the annual
wholesale price index rose 8.62 percent in September from 8.5 percent in August.
"RBI is expected to raise rates by 25 basis points on Nov. 2, though it will have marginal impact on food inflation," said Basanta Pradhan, an
economist at the Institute of Economic Growth in Delhi who expects food inflation to ease into single-digits in the next three months on a new
harvest and the high base effect.
India's annual food inflation drops slightly to 16.24 percent on October 7, 2010
New Delhi, October 7, 2010 (IANS): India's annual food inflation dropped a tad to
16.24 percent for the week ended Sep 25 compared to 16.44 percent the previous week, as supply of essential items, disrupted by heavy rains
and floods in parts of the country, began turning normal.The annual inflation rate for the primary articles group, however,
continued with its fast paced increase, rising 18.53 percent during the
week under review, against 18.31 percent recorded in the week ended Sep 4, official data showed.
The index for fuels was unchanged at 10.73 percent during the week.The government Sep 14 shifted the base year for the official wholesale
price index to 2004-05, from the earlier 1993-94, and added as many as 241 new items to its basket of commodities. The weightage for individual
commodities were also altered.
The RBI had in September hiked its short-term borrowing and lending rates by 50 basis points and 25 basis points respectively.
Food inflation rises again to 16.44 percent on September 30, 2010
NEW DELHI, September 30, 2010 : India's food inflation rate rose further to 16.44 per cent for the week
ended September 18, as compared to 15.46 per cent in the previous week,
an official statement said here today, quoting provisional data.
The statement showed that fuel prices were up 10.73 per cent in the year
to September 18, down from 11.48 per cent in the previous week. High prices of food items have been a cause of worry for the Government
since the worst monsoon in more than three decades last year and floods in some states affected the Kharif crop.
According to the data released today, prices of wheat were up 9.14 per
cent from a year ago, pulses by 5.94 per cent, rice by 4.05 per cent, cereals by 6.11 per cent, vegetables by 5.87 per cent, fruits by 15.13
per cent, milk by 24.32 per cent and onions by 1.39 per cent.
Food inflation rises again to 11.47 percent on September 9, 2010
New Delhi,September 9, 2010: India's food inflation rate rose further to 11.47 per cent in the week
ended August 28 from 10.86 per cent in the previous week, staying in double-digit territory for the fifth straight week, an official
statement, quoting provisional data, showed today.
The return of the food inflation rate to double digit levels last week
after two weeks in single digit territory came at a time when the Government was facing a steady attack from the Opposition on the issue
of rising food and fuel prices. High prices of food items have been a cause of worry for the Government
since the worst monsoon in more than three decades last year and floods in some states adversely affected the Kharif crop.
According to the figures released today, the prices of pulses were up 13.44 per cent from a year ago, milk by 17.60 per cent, fruits by 10.34
per cent, rice by 4.74 per cent, wheat by 7.04 per cent and cereals by 5.07 per cent. Potatoes, on the other hand, were down by 50.44 per cent, vegetables by
9.38 per cent and onions by 10.32 per cent, the statement said.
Food inflation rises again to 10.86 percent on September 3, 2010
New Delhi,
September 3, 2010 (PTI):Food inflation in India rose to 10.86 percent for the week ended Aug 21
from 10.05 percent a week earlier, snapping a two-week decline, official data released Friday showed.
The inflation for the fuel and primary articles groups also inched higher, according to the data released by the commerce ministry.
The fuel prices moved up to 12.71 percent, after staying steady at 12.57 for over two weeks.
The primary articles index rose at a quicker pace of 15.19 percent, compared to the previous week's increase of 14.75 percent.
Tthe rise in prices of some of the main commodities are Cereals: 6.76 percent, Rice: 8.05 percent, Wheat: 7 percent,
Pulses: 14.12 percent, Fruits: 9.27 percent and Milk: 18.22 percent.
India's annual food inflation declines to 10.06% 0n August 26
New Delhi, August 26, 2010 (PTI): Annual food inflation fell for the second straight week, to 10.05% for
the week ended August 14, as prices of vegetables like potato and onion declined.
Food inflation had softened to 10.35% for the week ended August 7against 11.40% in the previous week.
On an yearly basis, potato became cheaper by over 50%, while vegetables
overall saw a decline of 14.23%. Onion prices also fell by 7.29%, official data released today showed.
Cereal prices, however, rose by 7.10%, driven mainly by higher prices of
pulses, rice and wheat compared to the same period last year. While pulses became dearer by nearly 16%, prices of rice and wheat rose
by 7.72% and 7.61%, respectively, during the week under review on yearly basis.
Among other food items, milk prices soared by 18.22% during the week over the same period last year, and fruits became dearer by 15.24%.
India's annual food inflation eases to 12.47% 0n July 22
New Delhi, July 22, 2010 : India's food inflation rate declined to 12.47 per cent in the year to
July 10 from 12.81 per cent in the previous week, while fuel prices remained steady at 14.27 per cent up from a year ago, an official
statement said here today, quoting provisional data.
According to the figures released to day, the prices of pulses were up
23.79 per cent from a year ago, milk by 17.33 per cent, fruits by 10.02
per cent, cereals by 5.87 per cent, rice by 6.12 per cent and wheat by
5.81 per cent. However, the prices of potatoes were down by 45.04 per cent, vegetables
by 9.92 per cent and onions by 7.86 per cent.
India's annual food inflation declines to 12.92% 0n July 01
New Delhi, July 1, 2010 (PTI):
Food inflation declined by a whopping 3.98 percentage points to 12.92 percent for the third week of June, as the
rate of price rise in cereals and vegetables showed a remarkable drop due to high base effect.
However, a number of essential items like pulses, fruits and milk remained quite expensive for the week ended June 19.
The fall in food inflation would provide some breather to the government
struggling hard to control prices of essential items which may again rise due to the cascading effect of the diesel price hike last week, say
analysts.
The fall in food inflation was largely because of high base effect,
which means that inflation was so high at this point of time last year that the rate of price rise now looks comparatively lower.
India's annual food inflation rises to 16.90% 0n June 24
New Delhi, June 24, 2010 :India's food inflation rate rose to 16.90 per cent in the year to June
12 from 16.12 per cent in the previous week, while fuel prices remained
steady at 13.18 per cent up from a year ago, an official statement said here today, quoting provisional data.
According to the figures released today, the prices of pulses were up by
34.14 per cent from a year ago, milk by 21.12 per cent, fruits by 13.55
per cent, rice by 6.45 per cent, cereals by 5.11 per cent, wheat by 4.21
per cent and vegetables by 4.32 per cent. However, the prices of potatoes were down by 36.99 per cent and onions
by 22.42 per cent, the statement said.
India's annual food inflation eases to 16.12% 0n June 17
New Delhi, June 17, 2010 : India's food inflation rate fell to 16.12 per cent in the year to Jun 5
from 16.74 per cent in the previous week, while fuel prices were up 13.18 per cent from a year ago, an official statement said here today,
quoting provisional data. According to the figures released today, the prices of pulses were up by
34.40 per cent from a year ago, milk by 21.12 per cent, fruits by 13.67
per cent, cereals by 5.41 per cent, rice by 6.76 per cent and wheat by
3.97 per cent. However, the prices of potatoes were down 34.96 per cent, onions by
17.84 per cent and vegetables by 1.03 per cent, the statement said.
India's annual food inflation risess to 16.55% 0n June 3
New Delhi, June 3, 2010 : India's food inflation rate rose slightly to 16.55 per cent in the year
to May 22 from 16.23 per cent in the previous week, while fuel prices were up 14.14 per cent from a year ago, mainly due to higher prices of
electricity, an official statement said here today, quoting provisional data.
According to the figures released today, the prics of pulses were up by
30.84 per cent from a year ago, milk by 21.12 per cent, fruits by 13.74
per cent, cereals by 5.33 per cent, rice by 7.30 per cent, wheat by 3.07
per cent and vegetables by 1.34 per cent.However, the prices of potatoes were down by 34.9 per cent and onions by
11.55 per cent in this period, it said.
India's annual food inflation rose to 16.49% 0n May 20
New Delhi, May 20, 2010: India's food inflation rate rose slightly to 16.49 per cent in the year to May 8
from 16.44 per cent in the previous week, while fuel prices remained at 12.33
per cent up from a year ago, an official statement said here today, quoting
provisional data. According to the figures released today, the prices of pulses were up by 33.65
per cent during the week from a year ago, milk by 21.12 per cent, fruits by 17
per cent, cereals by 16.37 per cent, rice by 7.72 per cent, wheat by 4.74 per
cent and vegetables by 0.63 per cent. However, the prices of potatoes were down by 30.36 per cent and onions by 16.01
per cent.
Overall, the annual rate of inflation for Primary Articles, which have a weight
of 22.02 per cent in the Wholesale Price Index (WPI), stood at 16.19 per cent
for the week ended May 8 as compared to 16.76 per cent for the previous week and
6.67 per cent during the corresponding week, ended May 9, 2009, of the previous year.
India's annual food inflation rose to 16.44% 0n May 13
New Delhi, May 13, 2010: India's annual food inflation rose to 16.44% in the week ended May 1 from 16.04%
in the previous week, the Commerce & Industry Ministry said today. Inflation in this group stood at 8.18% in the
corresponding week of last year. The WPI for Food Articles group rose by 0.6% to 294.0.Annual rate of inflation, calculated on point to point basis, for the Primary Articles group rose to 16.76% from 13.93% in the week ended April 24, according to the Commerce Ministry data. Inflation in this group was at 6.39% during the week ended May 2, 2009. The WPI for this group jumped by 2.9% to 299.5.
Non-Food Articles inflation shot up to 21.24% in the week ended May 1 from 11.04% in the preceding week. It was at 2.41% in the comparable week last year. The WPI for Non-Food Articles group surged by 9.9% to 283.1.
Food inflation rate declines to 16.04 %
New Delhi, May 6, 2010: India's food inflation rate declined further to 16.04 per cent in the year to
April 24 from 16.61 per cent in the previous week, while fuel prices were up
12.69 per cent from a year ago, an official statement said here today, quoting
provisional data.The Government has initiated various steps to bring the prices under control, but their impact is yet to be fully felt by the common
man.
According to the figures released today, the prices of pulses were up 30.58 per
cent during the week from a year ago, milk by 21.12 per cent, fruits by 14.49
per cent, cereals by 7.67 per cent, rice by 8.28 per cent and wheat by 6.48 per
cent. Overall, the annual rate of inflation for Primary Articles, which have a weight
of 22.02 per cent in the Wholesale Price Index (WPI), stood at 13.93 per cent
for the week ended April 24 as compared to 13.55 per cent for the previous week
and 6.77 per cent during the corresponding week, ended April 25, 2009, of the
previous year.
Food inflation up 16.61%
NEW DELHI, April 29, 2010: India's annual food price inflation eased in mid-April,
but fuel price inflation quickened maintaining an upside pressure on the wholesale price index that could prompt further monetary tightening by the central bank. The food price index rose 16.61 percent in the 12 months to April 17, lower than an annual rise of 17.65 percent in the previous week, government data showed on Thursday. The fuel price index rose an annual 12.69 percent,
higher than the previous week's reading of 12.45 percent.
Wholesale price inflation in March touched a 17-month high of 9.9 percent, prompting the Reserve Bank of India (RBI) to raise rates in
April for the second time in as many months. Reserve Bank of India Governor Duvvuri Subbarao said rising prices for food, fuel and
wages have made inflation more of a generalised and demand-side problem. Much of the country's inflationary pressures were initially on the supply-side as a result of the 2009 monsoon failure that pushed up food prices. But summer monsoon is likely to be normal this year, with rainfall expected to be 98 percent of the long-term average, the government said last Friday.
The RBI has forecast the headline inflation to ease to 5.5 percent at end-March 2011 on normal monsoon.
India's food inflation rate rises to 17.65 %
New Delhi, April 22, 2010: India's food inflation rate rose to 17.65 per cent in the year to April 10 from
17.22 per cent in the previous week, while fuel prices were up 12.45 per cent
from a year ago, an official statement said here today, quoting provisional data.
The Government has been concerned about the rising prices of food products after
the worst monsoon in more than three decades last year and floods in some states
adversely affected the Kharif crop. According to the data released today, the prices of pulses were up 28.77 per
cent during the week from a year ago, milk b 22.21 per cent, fruits by 18.81 per
cent, cereals by 10.06 per cent, rice by 9.33 per cent and wheat by 11.18 per cent.However, the prices of potatoes were down by 30.30 per cent, onions by 6.63 per
cent and vegetables by 1.38 per cent, the figures showed.
Overall, the annual inflation rate for Primary articles, which have a weight of
22.02 per cent in the wholesale price index (WPI), stood at 14.14 per cent for
the week ended April 10 as compared to 13.88 per cent for the previous week and
6.42 per cent during the corresponding week, ended April 11, 2009, of the
previous year.
Inflation at 9.9% on broad price rise
NEW DELHI, April 16, 2010: Inflation touched a 17-month high of 9.9% in March spurred by an all-round increase in prices,
mounting pressure on the central bank to raise key policy rates in the monetary policy review next week.
A spurt in global demand due to a remarkable recovery by China and positive signals from the US will allow the Reserve Bank of India to
target inflation aggressively without worrying about derailing growth momentum. The central bank is widely expected to raise policy rates by 25-50 basis points on Tuesday.
“The RBI would be within its rights to signal hawkish, but act dovish,” said Suman K Berry, member of the prime minister’s economic
advisory committee. Annual year-on-year inflation based on the wholesale price index stayed above the central bank’s year-end projection for the third straight month. In January the
Reserve Bank raised its wholesale price inflation forecast to 8.5 % from 6.5 %.
Food inflation rises to 17.70 p.c
NEW DELHI, April 8, 2010: Higher prices of milk, fruits and pulses pushed food
inflation to 17.70 per cent for the week ended March 27, fueling expectations that RBI may further tighten rates in its annual
monetary policy on April 20. Food inflation in the previous week stood at 16.35 per cent. With prices of essential items rising and fears of food inflation
spreading to manufactured goods, the overall inflation for March, data for which is expected next week, is likely to cross the double digit mark.
The overall inflation, which includes variation in prices of food and non-food items, was 9.89 per cent in February.
On an annual basis, pulses became dearer by 32.60 per cent, milk by 21.12 per cent, fruits 14.95 and wheat by 13.34 per cent. On a weekly basis, the index for food articles rose by 0.9 per cent
as fish marine, milk, fruits, masur and vegetables became costlier. In a bid to rein in inflation, Prime
inister Manmohan Singh is holding a meeting of the core committee of Chief Ministers with representations from 10 states and senior Cabinet ministers later in the day.
The core group of chief ministers, set up in February, comprises Andhra
Pradesh, Assam, Bihar, West Bengal, Punjab, Gujarat, Haryana, Tamil
Nadu, Madhya Pradesh and Chhattisgarh. Besides CMs, the other members of the committee are Finance Minister Pranab Mukherjee, Food and Agriculture Minister Sharad Pawar and Planning Commission Deputy Chairman Montek Singh Ahluwalia.
Food inflation rises to 16.35 p.c
New Delhi, April 1, 2010 (PTI) :Higher prices of milk and pulses drove food inflation up to 16.35 per cent for
the week ended March 20 and this could, in turn, contribute to overall inflation
touching double digits. Food inflation had hit a four—month low of 16.22 per cent in the previous week.
In view of the rising prices of essential goods and fears of food inflation
spreading to manufactured goods, experts feel the RBI could take more measures
in its forthcoming monetary policy on April 20 to contain price rise. The overall
inflation, which includes variation in prices of food and non—food items, was 9.89 per cent in February and is estimated to cross double—digit mark
soon.
On an annual basis, pulses became dearer by 31.55 per cent, milk prices 18.74
per cent and wheat 13.5 per cent. As far as weekly variation is concerned, the index for food articles rose by 0.6
per cent as barley, milk, moong and condiments, spices urad and arhar became expensive.
Last month, the RBI raised key short term lending and borrowing (repo and
reverse repo) rates by 25 basis points to five per cent and 3.5 per cent,
respectively, to check inflation from spreading to non—food items. General inflation had already surpassed RBI’s March end projection of 8.5 per
cent. Recently, RBI governor D Subbarao had also said that the apex bank will continue
its exit from monetary stimulus policy to check high inflation and ensure
sustainable growth. Finance Minister Pranab Mukherjee had said that food inflation may spread to
non—food items over a period, although food prices have started coming down.
Food inflation fell to
16.22 per cent
New Delhi, March 25, 2010 : India's food inflation rate declined further to 16.22 per cent in the year to
March 13 from 16.30 per cent in the previous week, while fuel prices were up
12.68 per cent from a year ago, an official statement said here today, quoting provisional data.
According to the data released today, the prices of pulses were up 31.68 per cent in the 12 months to March 13, wheat by 15.09 per cent, cereals by 10.64 per
cent, rice by 7.42 per cent, vegetables by 5.12 per cent, potatoes by 5.62 per cent, fruits by 11.06 per cent and milk by 15.31 per cent. The prices of onions
have declined by 6.64 per cent, the data showed.
India's annual rate of Inflation rises to 9.89%
NEW DELHI, March 15, 2010: Driven by increasing food prices, India's annual rate of inflation, based on the wholesale price index, rose to 9.89 percent in February from 8.56 percent in the previous month, official data revealed Monday.
The latest data released by the commerce ministry showed food prices jumped 17.79 percent last month, while those for primary articles
rose 15.54 percent. Manufactured products were up 7.42 percent. Prime Minister Manmohan Singh on March 5 admitted in parliament that price rise was a cause of worry and assured the house that all possible steps were being taken to contain it.
At its January policy review, the central bank raised its WPI inflation projection for end-March 2010 to 8.5 percent. The Reserve Bank of India is widely expected to raise both its benchmark lending and borrowing rates by at least 25 bps each to 5.00 per cent and 3.50 per cent, respectively.
Fuelled by a slew of stimulus measures, GDP grew 7.9 per cent in the second quarter of the current
fiscal. However, due to the draughts, the growth dropped to 6 per cent in the third quarter on back of a 2.8 per cent negative growth in the farm output. The government has also completed its market borrowings of $9 billion for the current fiscal.
Food inflation rises to 17.81%
New Delhi, March 11, 2010 (PTI): Food inflation eased a bit to 17.81 per cent during the last week of February, but may not soothe overall inflation as petrol and diesel
prices have risen sharply following the hike in duty rates.While food prices are expected to moderate further in the weeks ahead, the
overall inflation may hit double digits by fiscal end as manufactured and fuel prices are going to get costlier, say experts.
Food inflation declined by 0.06 percentage points during the week ended February
27 from 17.87 per cent in the previous week. Though a range of essential items still continue to be expensive, the rate of
price rise has fallen in the past few weeks. On year-on-year pulses were dearer by 33.38 per cent, slightly lower than over
35 per cent in the previous week, while potatoes turned costlier by 22.46 per cent. |
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